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Title: Which of the following is NOT a characteristic of a perfectly competitive long-run equilibrium? Post by: dupoyjohn134 on Mar 3, 2019 Which of the following is NOT a characteristic of a perfectly competitive long-run equilibrium?
• Price equals marginal cost. • Price equals long-run minimum average cost. • Firms are earning zero profits. • Firms are producing on the downward sloping portions of their short-run average cost curves. Title: Which of the following is NOT a characteristic of a perfectly competitive long-run equilibrium? Post by: anthead on Mar 3, 2019 Content hidden
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